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this is "washington business report" withbc7 national correspondent becca cooper. >> well, and thanks for joining us for a look at this week's business and fance news here in the washingn region. we are relieved the mayans looked to have been wrong. negotiations betwe president obama andohn boehner. what became of f all the stocks? -- all thsoe talks? capitohill setback in spite of better than expected grth nunumbers. we have all that and more with our roundtable coming up. first, two big industries during the holiday season -- food and cabs. hans hess is the ner and founder of a burger chain t that started in washington but now has gone global. thank you for joining us. where do we start? elevation burger was the originalaby. let'start there. you grew up in california an you got a degree in physics and then a master's degreen theology. you and i i were talking before the show started. you he worked d just about everherere. whatat got youou to elevation burger? i i worked on the hill for about a year in 199and wrotote a paper abobout how microbes are killing people. when i had the ide
this is "washington business report" withbc7 national correspondent becca cooper. >> well, and thanks for joining us for a look at this week's business and fance news here in the washingn region. we are relieved the mayans looked to have been wrong. negotiations betwe president obama andohn boehner. what became of f all the stocks? -- all thsoe talks? capitohill setback in spite of better than expected grth nunumbers. we have all that and more with our roundtable coming up....
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. >> this week on "inside washington," john boehner's plan b collalapses and the house goes home for christmas. >> it is hard to get y your mind around said that someone so young could leave us, and such a peaceful communi such an horrific event. >> anonother massacre and another called for gun-control. >> the fact of this problem is complex can no longer be an excuse for doing nothing. >> hands brawl after the state depapartment report on benghazi, but are they theey right hands? >> the compound was inadequate for the threat environmnment in benghazi, and in fact, grossly inadequate to deal with the attacks that took place that night. >> wilill former republican senator chuck hagel makee it to the pentntagon? >> the house did not take up the tax measure today because it t did not have suffificient support from our mberto pass. house speaker john boehner's statement on thursday evening as he stood in front of the house republican conference on thursday night, he recited the serenity prayer. don, grarant me the serenity to accept the things that i cannot change, and close the house fo
. >> this week on "inside washington," john boehner's plan b collalapses and the house goes home for christmas. >> it is hard to get y your mind around said that someone so young could leave us, and such a peaceful communi such an horrific event. >> anonother massacre and another called for gun-control. >> the fact of this problem is complex can no longer be an excuse for doing nothing. >> hands brawl after the state depapartment report on benghazi, but...
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toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> austria h a ms kling inhe mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we he the second amendment and the history back to washington. given that we are a different culture, the kinds of laws that we pass are almost always an effective as a result, because there are 300 million weapons out there today. unless you recall them the way that australia did, and we cannot do that -- you would have a reservoir that would last 100 years. >> you can imagine what would happen. there would be an insurrection. >> you do not have to permi
toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> austria h a ms kling inhe mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the...
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only eight states in washington, d.c., allowed for same-day voter registration. then there was confusion at the ballot box. 19 polling places in hawaii ran out of paper ballots. at least five other states saw voting precincts run out. we can't know how many turned up to vote, we know 93 million eligible americans did not vote in the 2012 presidential election. according to a new survey from public affairs, more than 25% of them did not vote because they were not registered. as president obama said on election night, we have to fix that. when we come back, we'll tell you how we can. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn
only eight states in washington, d.c., allowed for same-day voter registration. then there was confusion at the ballot box. 19 polling places in hawaii ran out of paper ballots. at least five other states saw voting precincts run out. we can't know how many turned up to vote, we know 93 million eligible americans did not vote in the 2012 presidential election. according to a new survey from public affairs, more than 25% of them did not vote because they were not registered. as president obama...
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host: stephen dinan was the the politics editor at the washington times. he covered the legislature in virginia. he has a bachelor's from the university of virginia. in the new york times this morning, there was an article with the headline, boehner finds the speaker's chair can be lonely. republicans fell 20 votes short of those needed to pass mr. boehner's bill that would make permanent musharraf tax cuts for households under $1 million per year -- make permanent the bush tax cuts for households under $1 million per year. the republican team could not bring enough members on board even though many of those who declined to support the measure told republican leadership that they secretly hoped it would pass. ixion's like some of these guys -- the speaker and the majority -- it sounds like some of these guys who the speaker and the majority leader thought they had the support of were talking out of both sides of their mouths. yes and they were hoping they would not have to take the -- guest: they were hoping they would not have to take the that vote to mak
host: stephen dinan was the the politics editor at the washington times. he covered the legislature in virginia. he has a bachelor's from the university of virginia. in the new york times this morning, there was an article with the headline, boehner finds the speaker's chair can be lonely. republicans fell 20 votes short of those needed to pass mr. boehner's bill that would make permanent musharraf tax cuts for households under $1 million per year -- make permanent the bush tax cuts for...
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msnbc political analyst david corn is the washington bureau chief for "mother jones" magazine. are you comfortable with what the nra put forward today? >> absolutely. this is the only answer. more guns equals less crime. if we don't arm the teachers and have guards, this is going to happen again. >> do i understand your view that it would be a requirement for teachers? >> what if i'm a teacher who does not know how to carry a firearm? i'm not proficient and i don't want anything to do with guns. >> i don't want my kid in your school. >> wow, really. >> i'll send my kid to another school. >> so to a person whose pursuing a career in education, going to college with that desire because they want to school young people, they would also need to be trained and comfortable with the idea of carrying a weapon? >> unfortunately, this is the world we live in. >> this is not a panacea. >> wait a minute, david. with that logic, why not arm the students as well. >> the students are children. >> an 18-year-old high school senior. i mean by your logic they, too, should all be carrying weapons
msnbc political analyst david corn is the washington bureau chief for "mother jones" magazine. are you comfortable with what the nra put forward today? >> absolutely. this is the only answer. more guns equals less crime. if we don't arm the teachers and have guards, this is going to happen again. >> do i understand your view that it would be a requirement for teachers? >> what if i'm a teacher who does not know how to carry a firearm? i'm not proficient and i don't...
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i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a big automatic tax increase that happens january 1. john boehner is -- gerri: i don't think all americans have their arms around this situation. what would be the real change when these ax hikes going to affect? >> we are focusing a lot on these rate hikes going on. you are also looking at something that hasn't gotten a lot of attention, which is a slew of obamacare that are hitting on january 1. a lot of others are taxes that are going to get americans when they can least afford it. there a lot of tax increases are going to hit this economy hard. we need
i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a...
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>> a here in washington has been a major impediment and a lot of people believe that nobody should be treated involuntarily. well, that flies in the face of the fact that we treat people with active tuberculosis involuntarily when they won't take medicine. we also restrict people who have alzheimer's disease and don't know they're sick. so, we do this for other conditions, but we have a lot of trouble thinking through this clearly for people with severe mental illness. >> paul: you mentioned in your op-ed for us, the number of activity psychiatric beds has declined from more than half a million to fewer than 50,000. i guess this is part of that movement you're describing against incarcerating the mentally ill, but you're saying that that decline in those beds has endangered the american public? >> it has, because if you try to get somebody who needs hospitalization into a hospital today, it's virtually impossible. as one of my colleagues says, it's easier to get somebody into harvard than it is a mental hospital. we have only one out of the 20 beds that we had 50, 60 years ago, given
>> a here in washington has been a major impediment and a lot of people believe that nobody should be treated involuntarily. well, that flies in the face of the fact that we treat people with active tuberculosis involuntarily when they won't take medicine. we also restrict people who have alzheimer's disease and don't know they're sick. so, we do this for other conditions, but we have a lot of trouble thinking through this clearly for people with severe mental illness. >> paul: you...
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"usa today's" washington bury rechief sussan page and ron duffy. i'm candy crowley. nine days after the mass shooting deaths in newtown, the president of the national rifle association joined the gun debate. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> in a similar vein, lawmakers in a growing number of states including oklahoma, missouri, south dakota, virginia and oregon will consider laws allowing teachers and school administrators to carry firearms at school. the nra is moving ahead to have their national model school shield in place to schools that want it. to talk about the dangers and backlash is the program director assa hutchinson. thank you for joining us. one of the thing that struck me is there was no mention of any gun control in favor or in opposition, so i wanted to get you on the record. will the nra oppose any attempt to put new gun laws in place? >> well, that's a separate debate. my responsibility is school safety, and i think that's where
"usa today's" washington bury rechief sussan page and ron duffy. i'm candy crowley. nine days after the mass shooting deaths in newtown, the president of the national rifle association joined the gun debate. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> in a similar vein, lawmakers in a growing number of states including oklahoma, missouri, south dakota, virginia...
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they were supposed to have come to washington to change washington and come there with the idea of term limits and not serving there as a career. they have only been there a term, and they are afraid to cast a vote that they think could be misrepresented against them in a primary because they want to stay there. there's something really wrong with this picture, and it's really surreal because they caused the fiscal cliff to occur when they raised the debt ceiling that's never been an issue, made it an issue. couldn't agree to big cuts and came up with the sequester and now they can't deal with that. the fact is you can see when speaker boehner can't even have his caucus follow him, how could the president have worked with this crowd over the last two years and all that rhetoric we heard about president obama not reaching across and being bipartisan you can see you can't go and do something with a group that's incapable of even supporting their own leader. >> so what or who do you see has the best hope to resolve this situation? >> there's no question it's president obama and senator rei
they were supposed to have come to washington to change washington and come there with the idea of term limits and not serving there as a career. they have only been there a term, and they are afraid to cast a vote that they think could be misrepresented against them in a primary because they want to stay there. there's something really wrong with this picture, and it's really surreal because they caused the fiscal cliff to occur when they raised the debt ceiling that's never been an issue,...
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although it really might be ambassador chris stevens' fault and so it goes in washington. hello and welcome to "justice." i'm judge jeanine pirro. from the beginning the shouting by the white house about a protest in that depickable video there were whispers about chris stevens himself being somehow responsible. >> they had a mission. and they believed in it. they knew the danger. and they accepted it. >> chris understood that diplomats must operate in many places where soldiers do not. where there are no other boots on the ground and security is far from guaranteed. >> judge jeanine: really? ambassador stevens was not in the military. he was a civilian diplomat. the board also found that ambassador stevens made the decision himself to travel to benghazi in se independently of washington and they wrote he did so with minimum close protection security. they not only write at that time plans were not adequate but then say as the president's personal representative the chief of the mission here ambassador stevens bears direct and full responsibility for the security of the mi
although it really might be ambassador chris stevens' fault and so it goes in washington. hello and welcome to "justice." i'm judge jeanine pirro. from the beginning the shouting by the white house about a protest in that depickable video there were whispers about chris stevens himself being somehow responsible. >> they had a mission. and they believed in it. they knew the danger. and they accepted it. >> chris understood that diplomats must operate in many places where...
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national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and he gets to cut the military which democrats have been calling for for years and he gets to blame republicans for it. >> president obama for his part said he is optimistic a deal can still be reached. he spoke at the white house friday before leaving for hawaii where he is now. but a
national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the...
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unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the private sector will become more cautious, will higher less, will invest less, which means that our economic growth will slow down. and our unemployment rate will stop going down as fast. >> we're just starting to get some traction here, we want to keep this going. mark, let me ask you, the economy is doing better than expected. there's no question. the revisions to a lot of numbers are looking better. housing is coming back. the median price of an existing home shot up 10% in november year over year. we've been seeing six months of home values going up in a row. a lot of americans build their wealth through their homes, higher home values means more confidence going forwar
unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the private sector will become more cautious, will higher less, will invest less, which means that our economic growth will slow down....
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. >>> let's get you to washington. with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could be mean coal in the stocking for house speaker john boehner and the end to his two-year reign as republican leader. he's facing pressure from his own party after his plan b failure. he proposed a vote on the plan to allow taxes to go up on millionaires, but republicans had to pull it off the table after admitting they can't get it passed. foorn illustration check the latest poll, and that's what we have political editor paul stein hauser doing? >> americans are worried about the tax increases and spending cuts that will kick in at the end of the year. 7-10 questioned in our cnn/orc national poll say there would be major problems or a crisis in the country if that happens. >> part of what voters were looking for is some compromise up here. that's what folks want. >> and our poll indicates more americans want the republicans rather than the democrats to compromise more to reach biparti
. >>> let's get you to washington. with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could be mean coal in the stocking for house speaker john boehner and the end to his two-year reign as republican leader. he's facing pressure from his own party after his plan b failure. he proposed a vote on the plan to allow taxes to go up on millionaires, but republicans had to pull it off the table after admitting they can't get it passed. foorn...
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washington, d.c. for over decades now. one of my local newspapers, the "chicago tribune," reports that at the end of march, murders in my city had spiked almost 60%. and as of june, homicides in chicago were up almost 20% over last year. 488 murders to date. ranging from 18 months to 19 years. these are americans also shot down like dogs in the street. as i recall being in the hospital room when my son was pronounced dead, there was a primal scream that came from his sister, his mother. it wasn't a scream of a black woman. it wasn't a scream of a white mother. it wasn't a scream of a latina mother mother or a scream of an asian mother. it was a scream, a primal scream of a mother. a scream that is rarely duplicated anywhere. it is a horrible scream and i can't get that scream out of my consciousness. so i applaud speaker pelosi, leader pelosi, soon to be speaker pelosi and i applaud the democrats who are standing here. we must stop future sandy hooks right now. we cannot allow the schools of america t
washington, d.c. for over decades now. one of my local newspapers, the "chicago tribune," reports that at the end of march, murders in my city had spiked almost 60%. and as of june, homicides in chicago were up almost 20% over last year. 488 murders to date. ranging from 18 months to 19 years. these are americans also shot down like dogs in the street. as i recall being in the hospital room when my son was pronounced dead, there was a primal scream that came from his sister, his...
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host: worst week in washington. when you make a public threat, you had better be able to back it up. guest: the washington wizards ended up losing by ridiculous amounts to several teams, but this was a monumental embarrassment to the speaker. host: i want to make sure i get the total -- the title of this book correct, because i did not get it right a few weeks ago. how much does the government spends, and how much is $16 trillion? the size of the current debt? guest: revenues will be about $2.80 trillion, and the deficit will be about $1 trillion for fiscal 2013, and that assumes that some of the fiscal cliff does not happen and we do not reduce the deficit. national debt, about $16 trillion. the debt held by the public, what would you say, about $13 trillion? that is not the debt held by the social security trust fund and some of the other trust funds. it is not unprecedented. we have had it several times before. we talked about it last week. it is not the nominal size of the debt. it is self us to the debt is grow
host: worst week in washington. when you make a public threat, you had better be able to back it up. guest: the washington wizards ended up losing by ridiculous amounts to several teams, but this was a monumental embarrassment to the speaker. host: i want to make sure i get the total -- the title of this book correct, because i did not get it right a few weeks ago. how much does the government spends, and how much is $16 trillion? the size of the current debt? guest: revenues will be about...
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the president spoke at the memorial service in washington on friday. >>> in new orleans, a federal judge has given final approval to bp settlement with gulf coast businesses and residents. bp will pay at least $7.8 billion in compensation to settle claims from the deep water horizon disaster in 2010. there is no cap on the settlement except for those claims from those in the sea food industry, so, the final bill could still be much higher. thousands of people made claims from texas to florida. >>> moving overseas to a deadly cold snap in the ukraine. hundreds more have been treated for hypothermia and frost bite. the government has set up thousands of heating centers to help people deal with the extreme cold. the temperatures there have dropped down to just one degree fahrenheit, far below the average for this time of the year. >>> well, this morning it looks like a major u.s. ally will have a new constitution, but theare still a whole lot of questions about egypt's democratic future. the draft charter has been approved by a majority of voters in a referendum. official results are expect
the president spoke at the memorial service in washington on friday. >>> in new orleans, a federal judge has given final approval to bp settlement with gulf coast businesses and residents. bp will pay at least $7.8 billion in compensation to settle claims from the deep water horizon disaster in 2010. there is no cap on the settlement except for those claims from those in the sea food industry, so, the final bill could still be much higher. thousands of people made claims from texas to...
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lisa sylvester, cnn, washington. le >>> as the war in syria goes on, thousands in the country are hoping for humanitarian assistance. we will talk to someone from doctors without borders on the horrifying situation there. eavek and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> since the war in syria started, 40,000 people have been kill and the united nations estimates 2.5 million people need humanitarian assistance. the international medical humanitarian organization, doctors without borders, says in one city alone there are tens of thousands of peop
lisa sylvester, cnn, washington. le >>> as the war in syria goes on, thousands in the country are hoping for humanitarian assistance. we will talk to someone from doctors without borders on the horrifying situation there. eavek and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class....
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we will talk to the washington humane society coming up. don't go away. who is responsible for the country being perched at the edge of the fiscal cliff? there is a lot of finger-pointing going on these days. one of chris wallace's guests places it squarely on the white house. that story coming up next. >>> we are now nine days away from the fiscal cliff. what happens to you if there is no deal? well, your taxes are going to go up, no doubt about that. the tax policy center says households with an annual income of $20,000 to $30,000 can expect to pay $1,064 more in taxes. the average tax increase for someone making between $50,000 and $75,000 a year is $2,399 and for those making diss 100,000 to $200,000 a tax increase of more than $6,000 awaits you. there is only one person that can provide the leadership and that is the president of the united states. >> no, sir. >> there is only one person that can provide the leadership. rather than campaigning he should be here leading and, woulding with people and talking to folks on both sides of the aisle to get a
we will talk to the washington humane society coming up. don't go away. who is responsible for the country being perched at the edge of the fiscal cliff? there is a lot of finger-pointing going on these days. one of chris wallace's guests places it squarely on the white house. that story coming up next. >>> we are now nine days away from the fiscal cliff. what happens to you if there is no deal? well, your taxes are going to go up, no doubt about that. the tax policy center says...
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this is from today's washington journal. a look back at campaign 2012. joining us at the table is glenn thrush and jonathan martin of politico. guest: we had known that there >> we have known for some time there was always tension between the campaign staff and the candidate's family in terms of how to fill mitt romney's -- how to tell the romney story. so many americans saw this rich business man and they never got a sense for who he was as a person. one of the most fascinating is that we came across was, romney had a mormon documentarian follow him around in the campaign. he was a friend of one of the romney sons. he had great access. he made a documentary about romney. in 2010, he showed it to the family, they loved it. the staff said, we are not going to show this to the public. they thought it showed too much of him talking about his mormon faith in a way that they feared could turn off the public, which has some misconceptions about that faith. to me, that captured the attention in the romney campaign. the staff never wanted to talk about the candi
this is from today's washington journal. a look back at campaign 2012. joining us at the table is glenn thrush and jonathan martin of politico. guest: we had known that there >> we have known for some time there was always tension between the campaign staff and the candidate's family in terms of how to fill mitt romney's -- how to tell the romney story. so many americans saw this rich business man and they never got a sense for who he was as a person. one of the most fascinating is that...
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there is a related headline from "the washington post." chicago is grappling with its own gun violence. gloria is on the phone from sheridan, wyoming, independent line, good morning. caller: good morning, i don't believe in assault weapons. i do have several other points and hopefully i will not get cut off, i will make them >>. we mentioned a second an amendment but we don't mention what is behind that and what are far the -- our founding fathers did not want was basically a government where the citizens were unarmed and the government was so powerful it could kill people. it is not just for hunting. it is for personal protection from foreigners that might come in. it could be terrorists or our own government turning on us. we always think we are protected because we have the freedom but just like reagan and some of them have said, we are always one step away from losing those freedoms. that is one thing to be said. the other thing is that i believe the entertainment industry is a lot to blame in many ways. we have the violent video games
there is a related headline from "the washington post." chicago is grappling with its own gun violence. gloria is on the phone from sheridan, wyoming, independent line, good morning. caller: good morning, i don't believe in assault weapons. i do have several other points and hopefully i will not get cut off, i will make them >>. we mentioned a second an amendment but we don't mention what is behind that and what are far the -- our founding fathers did not want was basically a...
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but of course the hard work probably won't get done until lawmakers return to washington. that is expected to happen after the christmas holiday. now, this was, of course, a big topic of conversation on all of the morning shows. here's what senator lindsey graham had to say on "meet the press" earlier. take a listen. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. we had the same objective of lowering taxes. i like simpson bowles, eliminate taxes, lower the rates, put money on the debt. >> senator graham calling for compromise there. an interesting factoid, alex. the last time members of congress worked between christmas and the new year's was 1996, and that was of course during the government shutdown. it gives you a sense of just how rare and unique this situation is. of course there is a lot of pressure on congress, on the president to get something done, because if the country does go over the fiscal cliff, a lot of economists have warned that it could send the economy back into recession. but more i
but of course the hard work probably won't get done until lawmakers return to washington. that is expected to happen after the christmas holiday. now, this was, of course, a big topic of conversation on all of the morning shows. here's what senator lindsey graham had to say on "meet the press" earlier. take a listen. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. we had the same objective of lowering taxes. i...
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not washington but on this end. there's recap for a second, if you will. the laffer curve that you game famous for. that's your theory on tax rates and revenue and it shows, the laffer curve, if you have a tax rate of zero obviously you correct zero revenue to run the government. if you have a tax rate, your theory holds of 100%, you also probably collect zero in revenue because you've disincentivized people to get to work. somewhere in your curve is the sweet spot of the tax rate that would allow for the most revenue. what is that sweet spot? >> i don't know where it is exactly, obviously. but i know the laffer curve, the operation in the upper income groups is much more sensitive to tax rate hikes that the lower ranges. rich people have all sorts of options available to cut back on taxes. hire lawyers, accountants, deferred income specialists, congressmen, senators. so when you raise tax rates on the rich you almost always get less revenue and cause the economy to collapse. it makes no sense raising tax rates on the highest income offers. >> what will ha
not washington but on this end. there's recap for a second, if you will. the laffer curve that you game famous for. that's your theory on tax rates and revenue and it shows, the laffer curve, if you have a tax rate of zero obviously you correct zero revenue to run the government. if you have a tax rate, your theory holds of 100%, you also probably collect zero in revenue because you've disincentivized people to get to work. somewhere in your curve is the sweet spot of the tax rate that would...